China proved to be a welcome addition to Washington State’s export portfolio this past fall. With carryover of the 2014 apple crop running into early November of this year, Washington producers were able to export nearly 200 containers of large Red Delicious apples (3.82 MMT/200,395 cartons) there this fall at an average price roughly $2.00 more than the domestic price. Oilseeds Soymeal Inventories Rise Again as Expected Due to the soybean processing industry’s high utilization rates and slack demand from the downstream market, last week’s estimated soymeal inventories rose 20,000 MT (+1.33 percent) to 1.34 MMT or 520,000 MT (+64.79 percent) higher than the same week in 2014. Among the surveyed regions, inventories in the south were lowe...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.